Alpha Gen Capital
Fri, Jul. 8, 6:05 PM
- Vehicle dealership network Rush Enterprises (RUSHA +4.3%) has named Michael McRoberts as senior VP and chief operating officer.
- The move's effective immediately, and McRoberts will take over all operations, including sales of aftermarket parts, service and body shop operations and the Company’s vehicle up-fitting, CNG fuel systems and vehicle telematics business.
- Corey Lowe (senior VP of Peterbilt Dealerships) and Richard Ryan (senior VP of Navistar Dealerships) will report to McRoberts, while McRoberts will report to Chairman/CEO W.M. "Rusty" Rush.
- McRoberts has been with Rush since 2011 in various senior management roles.
Tue, Mar. 15, 10:53 AM
- There's sharp losses in the auto dealer sector today. The negative stance from investors could be a reaction to increasing concerns on subprime auto loans.
- Decliners: Penske Automotive (PAG -4.4%), Sonic Automotive (SAH -4%), Asbury Automotive (ABG -2.8%), CarMax (KMX -3.3%), Lithia Motors (LAD -3.6%), AutoNation (AN -3.7%), Group 1 Automotive (GPI -2.3%), Rush Enterprises (RUSHA -1.9%).
- Previously: Shades of subprime flash warning for auto sales (Mar. 14 2016)
- Previously: Subprime auto worry hits lenders (Mar. 15 2016)
Oct. 2, 2014, 9:40 AM
- There's more than passing interest in the auto retailer/dealership group over Warren Buffett's acquisition of Van Tuyl Group.
- Analysts have already tapped the sector as ripe for M&A opportunities before Buffett skipped into the fray.
- AutoNation (AN +2.2%), CarMax (KMX +1.5%), Sonic Automotive (SAH +3.5%), Lithia Motors (LAD +7.1%), Penske Automotive (PAG +3.4%), Group 1 Automotive (GPI +3.5%), Asbury Automotive (ABG +5.5%), Rush Enterprises (RUSHA) are all higher in early action.
- Related: Strong comps at AutoNation.
Sep. 27, 2011, 1:03 PM
Sep. 27, 2011, 10:17 AM
Shares of Rush Enterprises (RUSHA +1.4%) move higher after Morgan Keegan says the company will benefit from high demand for heavy trucks. An analyst with the firm raised his rating to Outperform from Market Perform, calling for a multi-year swing in truck sales as the age of commercial trucks collectively nears its 15-year peak.| Sep. 27, 2011, 10:17 AM